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Mar 31, 2021
Commvault Q4 2021 Earnings Report
Commvault announced record quarterly and annual revenue with material operating margin expansion.
Key Takeaways
Commvault reported a strong Q4 2021 with record quarterly revenue of $191.3 million, a 16% increase year-over-year, and significant operating margin expansion. The company's annualized recurring revenue (ARR) reached $517.9 million, up 15% year-over-year, driven by a 35% increase in software and products revenue. Non-GAAP EPS was $0.59 per diluted share.
Commvault delivered record quarter and full fiscal year revenue.
Software and products revenue increased by 35% year-over-year.
Recurring revenue grew by 24% year-over-year.
Annualized recurring revenue (ARR) reached $517.9 million, a 15% increase year-over-year.
Commvault
Commvault
Commvault Revenue by Geographic Location
Forward Guidance
Commvault expects continued growth in the new fiscal year, fueled by successful transformation efforts and a strong portfolio.